Eastern Bankshares Inc. (NASDAQ: EBC) is 4.93% higher on its value in year-to-date trading and has touched a low of $10.65 and a high of $15.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EBC stock was last observed hovering at around $14.38 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $14.90, the stock is 10.44% and 10.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing 3.62% at the moment leaves the stock 13.52% off its SMA200. EBC registered 18.07% gain for a year compared to 6-month loss of 3.91%.
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The stock witnessed a 15.95% gain in the last 1 month and extending the period to 3 months gives it a 18.07%, and is 6.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.92% over the week and 2.46% over the month.
Eastern Bankshares Inc. (EBC) has around 1744 employees, a market worth around $2.63B and $934.88M in sales. Current P/E ratio is 5.21 and Fwd P/E is 10.02. Profit margin for the company is 49.73%. Distance from 52-week low is 39.91% and -1.13% from its 52-week high. The company has generated returns on investments over the last 12 months (15.19%).
The EPS is expected to grow by 16.41% this year
The shares outstanding are 176.43M, and float is at 159.37M with Short Float at 3.96%.
Eastern Bankshares Inc. (EBC) Insider Activity
The most recent transaction is an insider sale by Borgen Luis, the company’s Director. SEC filings show that Borgen Luis sold 4,782 shares of the company’s common stock on May 15 ’24 at a price of $14.07 per share for a total of $67283.0. Following the sale, the insider now owns 41954.0 shares.
Eastern Bankshares Inc. disclosed in a document filed with the SEC on May 15 ’24 that Jackson Deborah C (Director) sold a total of 2,200 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $14.07 per share for $30954.0. Following the transaction, the insider now directly holds 72997.0 shares of the EBC stock.
Still, SEC filings show that on May 15 ’24, Harlam Bari A (Director) disposed off 1,913 shares at an average price of $14.07 for $26916.0. The insider now directly holds 73,912 shares of Eastern Bankshares Inc. (EBC).
